Auction.com and Five Star Institute Pledge Support of Operation Homefront Through Home Donation Program for Veterans

WASHINGTON, March 18, 2015 /PRNewswire/ -- Earlier this afternoon at the Five Star Government Forum in Washington, D.C., Five Star Institute President and CEO Ed Delgado announced that Five Star will be partnering with Auction.com and Operation Homefront in support of a home donation program for service members to be featured at the 2015 Five Star Conference in Dallas, Texas, September 16 to 18.

In conjunction with this announcement, Auction.com Executive Vice President Rick Sharga presented a donation check in the amount of $50,000 supporting the initiatives of Operation Homefront.

"We are excited about the opportunity to sponsor this home donation program for the members of our military along with the Five Star Institute in conjunction with Operation Homefront," said Auction.com CEO and Co-founder Jeff Frieden. "There is no one more deserving than our military heroes and their families, and we look forward to working with Five Star and Operation Homefront to help veterans and their families achieve the dream of homeownership."

In response to receiving the donation from Auction.com, Operation Homefront COO Tim Farrell said, "We would like to express our deepest gratitude to Auction.com for their generosity towards fulfilling the valuable mission of providing mortgage-free homes for veterans. We are excited to be working with the Five Star Institute, an organization that has long been committed to preserving the dream of homeownership for our nation's heroes."

"The Five Star Institute remains committed to promoting the presentation of mortgage-free homes to veterans through our continuous support of donation programs such as this one," Delgado said. "This home presentation to veterans program is part of our ongoing mission to raise awareness of the needs of our veterans to obtain housing. We are humbled by the immense level of dedication shown by Auction.com and Operation Homefront in helping us fulfill this mission."

About Operation Homefront

A national nonprofit, Operation Homefront leads more than 2,500 volunteers with nationwide presence who provide emergency and other financial assistance to the families of service members and wounded warriors. Operation Homefront has provided assistance to thousands of military families since its inception in 2002. Recognized for superior performance by leading independent charity watchdog groups, nationally, 92 percent of total donations to Operation Homefront go directly to programs that provide support to our military families. For more information, visit www.operationhomefront.net.

About The Five Star Institute

The Five Star Institute, based in Dallas, Texas, is a publishing, communications, and event production company focused on serving the mortgage banking industry. Each year, Five Star hosts the largest housing industry event in the United States—the annual Five Star Conference and Expo. Among its many publications are DS News, the only professional journal in the country dedicated solely to default servicing, and MReport, a B2B trade publication serving the broader mortgage field. For more information, visit www.thefivestar.com/fsc.

About Auction.com

Founded in 2007 and headquartered in Irvine, California, Auction.com is the nation's leading online real estate marketplace, having sold more than $30 billion in residential and commercial assets. Attracting buyers from more than 100 countries worldwide, the company serves a wide variety of real estate customers – from major financial institutions and institutional investors to individual consumers and real estate professionals. For more information, visit www.auction.com.